RMBS
Rambus Inc.
Is RMBS Halal?
Semiconductor IP licensing and products — generally permissible activity, but the current liquidity/assets screen fails.
What You Should Know
Rambus' March 31, 2026 Form 10-Q reports assets of $1,533.146 million, no interest-bearing debt, cash of $134.324 million, marketable securities of $651.815 million, receivables of $109.297 million and quarterly revenue of $180.189 million. Debt/assets is 0.00%, liquidity/assets is 51.28%, above the examined 33.333% limits, and receivables plus cash/assets is 15.89%. Interest income and other income (expense), net is $7.151 million, a conservative upper bound of 3.97% of revenue; no universal prohibited-revenue numerator is disclosed.
⚠️ Concerns
- •Liquidity/assets is 51.28%, above examined 33% limits
- •Large marketable-securities portfolio and investment-income classification
- •Royalty, licensing and customer end-use mix require qualitative review
- •Rambus reports no interest-bearing debt at March 31, 2026
- •The $7.151 million income upper bound is not a fixed purification prescription
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
0 / 1,533.146
786.139 / 1,533.146
243.621 / 1,533.146
7.151 / 180.189
- Financial
- Fails
- Overall
- Fails
Debt/assets is 0.00%, liquidity/assets is 51.28%, above the examined 33.333% limit; receivables-plus-cash/assets is 15.89% and the income upper bound is 3.97%.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 51.28%, above the examined 33.33% limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Identifiable liquidity/assets is 51.28%, above the examined 33% limit; this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; asset-based financial screens already fail on liquidity.
Business-activity disclosure
Rambus develops and licenses semiconductor-interface technologies and sells related products. Semiconductor IP and engineering activity is generally permissible, but the filing does not provide a universal prohibited-revenue numerator for customer end uses.
Limitation: No universal prohibited-activity revenue numerator or scholar-specific purification percentage is disclosed; licensing and customer end-use allocation remains qualitative.
Purification
Interest income and other income (expense), net is used as a conservative upper bound; ZakatInvest does not prescribe a fixed scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Rambus' March 31, 2026 Form 10-Q.
- No interest-bearing debt is reported; operating lease liabilities are excluded.
- Cash is $134.324 million and marketable securities are $651.815 million; unbilled receivables are not added to avoid double counting contract balances.
- First-quarter revenue is $180.189 million. Interest income and other income (expense), net is $7.151 million and is used as a conservative upper bound because the filing says it consists primarily of investment-portfolio interest income.
- Semiconductor IP licensing and products are generally permissible, but no universal prohibited-revenue numerator is disclosed.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →